Central Bank of Libya Instructs Commercial Banks to Stop Direct Funding

The Central Bank of Libya (CBL) has instructed all commercial banks to stop direct and indirect funding to legal entities, effective August 27.
In a letter addressed to all banks, the CBL emphasized the need to adhere to the maximum limit for portfolio expansion related to financing natural and legal persons until the end of 2025.
The Central Bank also stressed that all its affiliated banks must comply with the new instructions, activate regulatory oversight, and monitor all operations to ensure the decision is fully implemented.